Financial Engines (FNGN) Tops Q3 EPS by 1c; Will Acquire The Mutual Fund Store in $560M Deal
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Go back to Financial Engines (FNGN) Tops Q3 EPS by 1c; Will Acquire The Mutual Fund Store in $560M Deal
November 5, 2015 4:07 PM EST
Financial Engines to Acquire The Mutual Fund Store to Expand
Independent Advisory Services for 401(k) Plan Participants
Provides Outlook for Fiscal Year 2016
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Financial Engines (NASDAQ: FNGN), Americas leading independent
investment advisori, today reported financial results for its
third quarter ended September 30, 2015.
Financial results for the third quarter of 2015 compared to the third
quarter of 2014:ii
Revenue increased 8% to $78.8 million for the third quarter of 2015
from $72.8 million for the third quarter of 2014....
More
November 5, 2015 4:04 PM EST
Adds comprehensive financial planning and dedicated in-person
advisors at over 125 locations
Leverages Financial Engines technology platform to provide
high-touch services at scale
Expect approximately 25% accretion to 2016 adjusted earnings per
share and higher growth
Warburg Pincus to become approximate 12.5% Financial Engines
stockholder and join board
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Financial Engines (NASDAQ: FNGN), a leading independent investment advisor1,
today announced that it has signed a definitive agreement to acquire The
Mutual Fund Store, L.L.C. (The Mutual... More
